LM_HG206 Des Moines, Iowa Fri, May 17, 2013 USDA Market News IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Friday, May 17, 2013 (As of 1:30 PM) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 3,039 1,793 2,856 3,868 Other Market Formula 12,654 12,654 11,472 12,720 Swine or Pork Market Formula 67,227 46,122 41,257 50,139 Other Purchase Arrangement 47,475 19,853 22,451 19,060 Packer Sold (all purchase types) 9,271 711 873 1,299 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 2,006 Compared to Prior Day's closing weighted average (LM_HG204), 0.80 lower Base Price Range $79.00 - $92.00, Weighted Average $89.43 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- IOWA/MINNESOTA DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS based on both Fat and Muscle Measurements for a 200 lb Carcass Basis LOIN AREA/DEPTH (INCHES) BF 4.0/ 1.4 5.0/ 1.7 6.0/ 2.0 7.0/ 2.3 8.0/ 2.7 0.4 82.00 93.50 83.50 94.50 84.50 95.50 85.50 95.00 86.00 95.00 0.5 79.00 93.00 82.00 93.50 84.50 95.50 85.00 94.00 86.00 94.00 0.6 79.00 92.50 82.00 93.00 83.50 94.50 84.50 95.50 85.50 94.00 0.7 79.00 92.00 79.00 92.50 82.00 93.50 84.50 95.50 85.00 94.00 0.8 78.00 91.50 79.00 92.00 82.00 93.00 83.50 94.50 85.00 95.50 0.9 78.00 91.00 79.00 91.50 79.00 92.50 82.00 93.50 84.50 95.50 1.0 76.00 89.00 78.00 91.00 79.00 92.00 82.00 93.00 83.50 94.50 1.1 75.00 87.00 78.00 89.00 79.00 91.50 79.00 92.50 83.50 93.50 1.2 75.00 84.00 76.00 87.00 78.00 91.00 79.00 92.00 82.00 93.00 1.4 71.50 79.00 75.00 84.00 76.00 87.00 78.00 91.00 79.00 92.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00-13.76 175# -4.00 2.25 205# 0.00 4.50 155# -30.00 -6.42 185# -1.00 4.00 215# 0.00 4.25 165# -15.00 -2.75 195# 0.00 4.50 225# -1.33 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 208.60 lb carcass, 0.71 inch back-fat, 7.88 square inch loin/2.62 inch loin depth, FFLI: 52.44% Price Range $85.00 - $94.00 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 45,451 *Price not reported due to confidentiality* -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 694 Compared to Prior Day's closing weighted average (LM_HG204), 6.56 lower Price Range $60.22 - $70.50, Weighted Average $65.04 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 53,098 Minnesota 28,484 -------------------------------------------------------------------------------- *For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines* Source: USDA Market News Service, Des Moines, IA 515-284-4460 email: desm.lgmn@usda.gov 24 Hour recorded market information 515-284-4830 www.ams.usda.gov/LSMarketNews 1500C .